Biosimilar Policy Sustainability Elements
These elements were selected as an objective rating system to evaluate the level of sustainability of biosimilar policy environment in each market.
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Ensure safe and high-quality medicines
Ensure safe and high quality medicines
Policies should ensure high quality of medicines with robust and transparent evaluations, and monitoring systems to give confidence to patients and healthcare professionals
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Facilitate cost savings for healthcare providers
Facilitate cost savings for healthcare providers
Policies should facilitate cost savings for healthcare systems to ensure long-term budget sustainability
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Ensure healthy levels of supply
Ensure healthy levels of supply
Policies should minimise risks of supply shortage and ensure there is sufficient demand for biosimilars to avoid wastage or incentives to sell at sustainable prices
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Maintain incentives for continued biologic research & innovation
Maintain incentives for continued biologic research & innovation
Policies should ensure that sufficient incentives for manufacturers remain in place to ensure that there is continued research to launch new biologic products
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Mitigate against biosimilar misconceptions
Mitigate against biosimilar misconceptions
Policies should seek to address common concerns surrounding biosimilars to optimise uptake and ensure informed decision-making across all stakeholders
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Facilitate efficient & streamlined patient access
Facilitate efficient & Streamlined patient access
Policies should encourage streamlined access procedures without compromising safety to ensure eligible patients have unrestricted access to life-saving medicines
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Encourage multi-stakeholder decision-making
Encourage multi-stakeholder decision-making
Policies should ensure that all key stakeholders (payers, physicians, pharmacists and patients) play a role within decision-making to optimise multi-stakeholder benefits
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Facilitate sustainable levels of biosimilar competition
Facilitate sustainable levels of biosimilar competition
Policies should ensure that market competition is incentivised to ensure long-term predictable price levels, while delivering savings that may be reinvested
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Increase prescribing options for patients & healthcare professionals
Increase prescribing options for patients & healthcare professionals
Policies should encourage availability of multiple prescribing options to maintain flexibility in treatment regimens to address individualised patient needs
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Maintain predictable market functioning
Maintain predictable market functioning
Policies should ensure that market volatility is kept to a minimum and that policies are transparent to maintain attractivity of the market
Ensure safe and high quality medicines
Policies should ensure high quality of medicines with robust and transparent evaluations, and monitoring systems to give confidence to patients and healthcare professionals
Facilitate cost savings for healthcare providers
Policies should facilitate cost savings for healthcare systems to ensure long-term budget sustainability
Ensure healthy levels of supply
Policies should minimise risks of supply shortage and ensure there is sufficient demand for biosimilars to avoid wastage or incentives to sell at sustainable prices
Maintain incentives for continued biologic research & innovation
Policies should ensure that sufficient incentives for manufacturers remain in place to ensure that there is continued research to launch new biologic products
Mitigate against biosimilar misconceptions
Policies should seek to address common concerns surrounding biosimilars to optimise uptake and ensure informed decision-making across all stakeholders
Facilitate efficient & Streamlined patient access
Policies should encourage streamlined access procedures without compromising safety to ensure eligible patients have unrestricted access to life-saving medicines
Encourage multi-stakeholder decision-making
Policies should ensure that all key stakeholders (payers, physicians, pharmacists and patients) play a role within decision-making to optimise multi-stakeholder benefits
Facilitate sustainable levels of biosimilar competition
Policies should ensure that market competition is incentivised to ensure long-term predictable price levels, while delivering savings that may be reinvested
Increase prescribing options for patients & healthcare professionals
Policies should encourage availability of multiple prescribing options to maintain flexibility in treatment regimens to address individualised patient needs
Maintain predictable market functioning
Policies should ensure that market volatility is kept to a minimum and that policies are transparent to maintain attractivity of the market